Primary Loan

At present SSVWS provide the only one Loan Product for woman who are engaged in Small holder agriculture and business (Agriculture, Agri-Allied Activities, Petty Trade, Animal Husbandry, Vegetable Selling, Stitching & Patchwork , Rice Business , Jari Work, Poultry, Artificial Flower making, Rice Bhanga Kuta etc.).  The description of this loan product is given below.

Purpose Small holder agriculture and business (Agriculture, agri-allied activities, petty trade, animal husbandry, vegetable selling, Stitching& patchwork , Rice business , Jari work, poultry, Artificial flower making, Rice Bhanga Kuta etc.)
Collateral/Guarantee Group Guarantee
 
Installment Frequency Weekly / Monthly
Loan Tennure 18 Months/24Months
72 Weeks / 96 Weeks
Grace Period 7 weeks( only to be used in case of holidays or medical emergencies )
Moratorium No
Group / Individual Group
Loan Amount INR 20,000 – 1,00,000
Access requirements
(eligibility criteria)
  • The average annual income of borrowers is within Rs.50, 000 in rural areas and 1, 20,000 in non-rural areas.
  • The applicant must have the Identification certificate  and residence proof documents
  • The applicant should be directly or indirectly (direct engagement from spouse)  engaged in the business for which the loan is requested for The applicant should express respect and value to the services of SSVWS
Rate of Interest 12.5 -13.6 % Yearly
Processing Fee 1 -3 % + GST
Loan Security No Security Money
Margin No Margin Money
Money (Refundable) NA
Insurance Charges 1% of the Loan Amount